US ALM Risk Manager

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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

US ALM Risk Manager

Job Description

What is the Opportunity?

The US GRM-Balance Sheet Risk (US GRM-BSR) group provides independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity risk and banking book market risk (non-trading market risk, interest rate risk in the banking book [IRRBB]) across RBC's Combined US Operations (CUSO), which includes RBC's US branches and agencies, RBC's Intermediate Holding Company (RIHC) and its material entities : RBC Capital Markets LLC (CM LLC), City National Bank (CNB), RBC Bank Georgia, N.A. (RBC Bank). The group is relied upon to ensure the implementation of and compliance with risk management policies and procedures.

The incumbent will support the Lead, US ALM Risk Management and the Head, US GRM-BSR in the oversight of banking book market risk across RBC CUSO as part of the Group Risk Management (GRM) mandate and will promote a "Best of Class" risk oversight environment.

The role involves providing complex analytical support for managing risk across large portfolios of assets and liabilities, along with the associated risk factors. The complexity exists at both the RBC CUSO level and within individual legal entities.

What will you do?

Support the oversight of Asset Liability Management (ALM) and banking book market risk (IRRBB), providing analytical support and interpretation within established policies.

Coordinate activities in accordance with policies and procedures, ensuring compliance and proper interpretation.

Conduct routine operations and support activities independently, demonstrating understanding of ALM concepts.

Respond to moderately complex queries related to ALM, adhering to operational policies and regulations.

Identify and resolve routine issues in ALM context, analyze data, and prepare reports with observations and recommendations.

Assist in developing strategies to address technical and competency gaps in ALM oversight.

Ensure data integrity, methodology consistency, and model accuracy in risk measurement platforms.

Implement risk analysis tools for better understanding of risk drivers and changes.

Quantify impacts from model assumptions, including deposit duration, retail pricing, and prepayment models.

Create consolidated risk reports, including sensitivity measures and stress testing, with proper aggregation across entities.

Monitor exposures and activities to ensure adherence to policies and limits, reviewing and proposing updates as needed.

Ensure timely and accurate risk reporting, investigating changes and emerging risks.

Provide insights on market trends and risk exposures, supporting proactive risk management.

What do you need to succeed?

At least 2 years' experience in financial services, with a Bachelor's Degree.

Other Required Qualifications :

Knowledge of ALM and interest rate risk management in large financial institutions.

Understanding of US banking regulations related to liquidity, capital, and interest rate risk.

Excellent communication skills, both oral and written.

Strong understanding of financial risks, operational processes, and financial products.

Self-motivated, organized, detail-oriented, capable of handling multiple tasks.

Proficient in MS Office and analytical tools.

Curious, strategic thinker with strong interpersonal skills to build relationships.

Ability to work under tight deadlines in a dynamic environment.

What's in it for you?

We offer a comprehensive Total Rewards Program including bonuses, benefits, competitive pay, and stock options where applicable. You will work with supportive leaders, have opportunities for growth, and make a meaningful impact in a collaborative team environment.

The salary range for this position is $110,000 - $165,000, depending on experience, skills, and market conditions, excluding bonuses and benefits.

RBC values diversity and inclusion, committed to equitable workplaces and accessible recruitment processes. Please inform us if accommodations are needed.

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